1 Sun Yat Sen Boulevard

Markham, ON L3R 5K9 ( Milliken Mills East)

Quick Facts

Type: Leasehold Condo

Style: Apartment

Size: Sq Ft

Age: 2025 Years

Maintenance: $ 610

Pets: Yes-with Restrictions

Taxes: $ 1,800 ( 2025)

Updated: 2026-03-24 12:15:56

Description

Attn : Seniors/Seniors\' Adult Children/investors *Priced to sell - list price well below market price *Mon Sheong Court, demand seniors residence *Original owner *N-O-T Estate Sale *Seller moved to bigger unit in same building *670 sf, 1 BR/1 Bath unit as per plan * Bright, functional layout * Low floor, no elevator problem * Condo-style life lease senior residence designed for 55+ independent seniors, NOT to be confused with Long Term Care Centre *Suites equipped w/safety features for seniors, e.g. panic button *24/7 concierge/security *Recreation facilities: Dining rm, mahjong/games rm, exercise rm, media/karaoke rm, library, pharmacy, doctor office, spa *Roof garden on 9/F *Lots of rec programs: tai-chi, line dance, bridge, bingo, Cantonese opera, badminton hobby group, Karaoke workshop, religious group, morning/evening exercise, coffee mornings & more *Life Lease unit, Buyer can be 18+, One resident must be 55+, 2nd resident must be 18+ *Maintenance fee incl: Hydro, heat, central air, water *Upgraded laminate floor (LR/DR/Kit/BR) *Advantages of buying life lease senior housing: (1) Lower property tax (2) No land transfer tax (3) Buyer can register interest in life lease on bldg (4) Owner can sell/lease at market price in the future (5) Ability to bequeath unit to beneficiary *Senior housing offers best of both worlds: For end user: Canada\'s senior population is expected to hit 5.3 million over the next 10 years, growing by 1.7 million during that period\" *Yet there is a stark shortage of new seniors housing residences being developed \"Developers not building enough senior housing\". For investor: \"Investment in seniors housing soaring\", \"senior housing is projected a higher net operating income growth than many other real estate class through 2030\", quoted from articles on \"Investment in seniors housing soaring\", \"A Big Year for Seniors Housing Investment : 2026 To Be Even Better\", \"Is Canada Entering A \"Golden Ear\" For Investing in Seniors Housing? (see attach)

Extras

Leasehold Condo

Property

Status: For Sale

MLS #: N12906990

Price: $ 399,900

Address: 1 Sun Yat Sen Boulevard

Type: Leasehold Condo

Style: Apartment

Size: Sq Ft

Age: 2025 Years

Taxes: $ 1,800

Tax Year: 2025

Maintenance: $ 610

Pets: Yes-with Restrictions

Neighbourhood: Milliken Mills East

Nearest Intersection: Midland/Steeles

City: Markham

Postal Code: L3R 5K9

DOM: 2 Hours

Last Update: 2026-03-24 12:15:56

 

Building

Interior

Bedrooms: 1

Bathrooms: 1

Rooms: 0

Kitchens: 1

Balcony:

Exposure:

Ensuite Laundry: Ensuite

Family Room:

Fireplace:

Basement: None,

Central Vacuum: 0

 

Exterior

Exterior: ,

Garage:

Parking Spaces: 0.00

Locker: None

Amenities

Exercise Room Game Room Visitor Parking Concierge Recreation Room Elevator

 

Condo

Condo Corporation: N/A

Corporation Number:

 

Utilities

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Central Air

Condo Taxes Included:

Building Insurance Included:

Cable TV Included:

Central A/C Included:

Common Elements Included:

Heat Included:

Hydro Included:

Parking Included:

Water Included:

 

Features

 

Rooms